Cyber Digital, Inc. Completes Agreements with Yaweh Corp. of Nigeria; Yaweh to Establish Distributors for Cyber Digital's CSX PABX Throughout Nigeria.Business Editors, High Tech Writers NEW YORK--(BUSINESS WIRE)--June 11, 2001 Cyber Digital, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYBD), a leading manufacturer and software developer of fixed wireless Digital Central Office Telephone Exchanges and Private Automatic Branch Exchanges (PABX (Private Automatic Branch eXchange) Same as PBX. PABX - Private Automatic Branch eXchange ) announced today that it has signed financing and sales agreements with Yaweh Corp. of Nigeria. Under the terms of the six-month financing agreement, Yaweh shall introduce investors to Cyber Digital for the purposes of marketing, promoting and selling telephone and Internet systems in Nigeria. Furthermore, Yaweh signed an additional agreement to establish distributors for Cyber Digital's CSX CSX Chessie Seaboard Multiplier (railroad transportation company) CSX Cayman Islands Stock Exchange CSX Changsha, China (Airport Code) CSX Cardiac-Specific Homeobox CSX Seaboard Coastline Railroad PABX throughout Nigeria. All sales orders received from distributors shall be accompanied by 50% cash-in-advance and the remaining 50% by confirmed irrevocable letter of credit Irrevocable letter of credit Assurance of funds issued by a bank that cannot be canceled or amended without the beneficiary's approval. . About Yaweh Corp. Yaweh Corp. is an IT and telecommunications consulting firm bringing U.S. technology companies to Nigeria. About Cyber Digital, Inc. Cyber Digital, Inc., is a leading manufacturer and software developer of advanced integrated packet and circuit digital switching equipment, employing SS7 or C7 signaling, for private and public switched voice network operators worldwide. Cyber Digital is also a leading developer and provider of an array of ultra-high performance Internet Protocol (IP) infrastructure software and systems such as routers, gateways, firewalls and servers for distributive digital broadband and virtual private network (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ) applications. This press release contains forward-looking statements, pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve a number of risks and uncertainties that could cause actual results to differ materially. The risks and uncertainties are detailed from time to time in Cyber Digital's SEC reports and filings. Cyber Digital, Inc. has been profiled in The Stock Advisor Newsletter and is featured on The Stock Advisor website. Additional information about Cyber Digital, Inc. may be obtained by sending email to cybd@cyberdigitalinc.com, or visiting www.cyberdigitalinc.com or www.thestockadvisor.com. |
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